While some people choose to remodel their bathrooms for personal enjoyment, if you’re planning to sell your home in the future, it’s worth considering the costs versus the value of the upgrade. Fortunately, these renovations will make your bathroom more appealing to the broadest range of buyers. For example, you can install glass shower doors and install bright light fixtures to make the space feel bigger.
Renovations can increase home value by $66,000
In order to increase the value of a home, you should make sure to invest in the right renovations. These projects can increase the value of your property by as much as $66,000. However, the return on investment is not always guaranteed, and it depends on many factors, including the market in your area, the type of renovations you choose, and the preferences of your prospective buyers.
Many home improvements can increase the value of a home, but it is important to remember that some of them can actually decrease its value. For example, too much wallpaper or bold colors may turn off prospective buyers. Also, combining bedrooms can reduce the home’s value. Some neighborhoods require houses to have a certain number of bedrooms, so if you’re trying to sell your house, you may not want to combine bedrooms or make them smaller. Bad landscaping can also reduce a home’s value.
Upgrades are a good investment
Depending on what type of bathroom you have, upgrading it can help increase the value of your home. It will make it more appealing to potential buyers and could lead to more offers. However, this investment can’t always guarantee a high ROI. You should be prepared for the fact that you might not get back all of the money you spend on renovations when you sell the property. A real estate agent can help you estimate the ROI of certain improvements, so you know what’s worth it before making a decision.
Before deciding on a renovation project, think about how much you are willing to spend. A small, low to mid-range bathroom renovation can add as much as a $100 to the value of your home. In addition, Zillow research shows that minor improvements such as re-caulking the tub and replacing outdated bathroom fixtures can add more than a few percent to the home’s value.
Cost vs. value
A bathroom remodel can add thousands of dollars to the value of your home. Depending on the changes made, the materials used, and your preferences, a $100,000 renovation can raise your home’s value by up to $66,000. A more luxurious renovation can bring in as much as $57,000 in additional value.
In addition to replacing old fixtures and fittings with new ones, you can also add additional storage space. For instance, you can build a wall into the bathroom or add a whole addition. You can also convert a walk-in closet, a pantry, or the spare space under a staircase. But be aware that these changes will require additional costs, including permits, labor, and materials.
The time frame for a bathroom remodel depends on the scope and size of the project. A small bathroom remodel with only cosmetic changes can take a few weeks, whereas a complete bathroom remodel with new cabinets and fixtures could take several months. However, this timeframe assumes that all tradespeople show up on time, no one gets sick, and materials are readily available. In addition, it also assumes that the homeowner issues payments on time and avoids unnecessary change orders.
The time frame for remodeling a bathroom before selling can vary depending on the extent of the work needed. Painting the walls will take a single day, but drywall installation may take a few days. Likewise, tiling the walls will take time as well. A professional tile installer can complete this project in a matter of days, while an amateur tile installer could take weeks.